1- One of my friend is living in USA. Can he invest in KVP.
2- How often interest will be paid or compounded till maturity?
3- Will TDS be deducted at the time of maturity for interest portion?
Queries on KVP?
1- One of my friend is living in USA. Can he invest in KVP.
2- How often interest will be paid or compounded till maturity?
3- Will TDS be deducted at the time of maturity for interest portion?
No, The Non Resident Indians are not eligible to purchase Kisan Vikas Patra.Originally Posted by Hemant
Rate of interest 8.40% compounded annually.2- How often interest will be paid or compounded till maturity?
Interest income taxable but no TDS.3- Will TDS be deducted at the time of maturity for interest portion?
In order to get a Loan, you first need to prove that you don't need it.
I don't think the ROI is correct.
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